First National Corp (OQ:FXNC)

Business Focus: Commercial Banks

Mar 28, 2024 12:46 pm ET
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates HRT, FXNC, LABP, KAMN
NEW YORK, March 28, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Mar 27, 2024 06:25 pm ET
FIRST NATIONAL CORPORATION INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of First National Corporation - FXNC
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of First National Corporation (“the Company”) (NasdaqCM: FXNC) and Touchstone Bankshares, Inc. (OTCPK: TSBA). Under the terms of the proposed transaction, Touchstone shareholders would receive 0.8122 shares of First National stock for each share of Touchstone stock they own. KSF is seeking to determine whether the merger and the process that led to it are adequate and fair to the Company’s shareholders.
Mar 27, 2024 08:59 am ET
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates DRQ, FUSN, LABP, FXNC
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: Dril-Quip, Inc. (NYSE: DRQ)’s merger...
Mar 26, 2024 08:29 am ET
FXNC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First National Corporation Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First National Corporation (NASDAQ: FXNC) and Touchstone Bankshares, Inc. is fair to First National shareholders. Under the terms of the proposed transaction, Touchstone shareholders would receive 0.8122 shares of First National stock for each share of Touchstone stock.
Mar 26, 2024 07:00 am ET
First National Corporation to Acquire Touchstone Bankshares, Inc.
First National Corporation (“First National”) (NASDAQ: FXNC) and Touchstone Bankshares, Inc. (“Touchstone”) (OTCPK: TSBA) announced today they have entered into a definitive merger agreement for First National to acquire Touchstone in an all-stock...
Feb 01, 2024 07:00 am ET
First National Corporation Reports Annual and Fourth Quarter 2023 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $9.6 million and diluted earnings per common share of $1.53 for the...
Oct 26, 2023 07:00 am ET
First National Corporation Reports Third Quarter 2023 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.1 million and diluted earnings per common share of $0.50 for the...
Jul 26, 2023 07:00 am ET
First National Corporation Reports Second Quarter 2023 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.5 million and diluted earnings per common share of $0.56 for the...
Apr 26, 2023 07:00 am ET
First National Corporation Reports First Quarter 2023 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.8 million and diluted earnings per common share of $0.61 for the...
Apr 24, 2023 04:00 pm ET
First Bank Hires W. Todd Ross as Roanoke Valley Market President
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced today that W. Todd Ross has been hired as Market President for the Roanoke Valley Region. Todd will be...
Feb 13, 2023 07:00 am ET
First National Corporation Announces 7% Increase in Cash Dividend
The Board of Directors of First National Corporation (Nasdaq: FXNC) declared a quarterly cash dividend of $0.15 per share on February 8, 2023. This was a 7% increase compared to the quarterly dividend paid on December 16, 2022. The dividend is...
Jan 26, 2023 07:00 am ET
First National Corporation Reports Record Earnings
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $4.8 million and diluted earnings per common share of $0.76 for the...
Oct 25, 2022 07:00 am ET
First National Corporation Announces Third Quarter Results and Stock Repurchase Plan
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $4.5 million and basic and diluted earnings per common share of $0.71...
Jul 26, 2022 07:30 am ET
First National Corporation Reports Second Quarter 2022 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.8 million, or $0.61 per basic and diluted share, for the second...
May 11, 2022 04:00 pm ET
First Bank Names Matt Paciocco Senior Vice President and Regional Executive
First National Corporation (the "Company" or "First National") (NASDAQ:FXNC), the bank holding company of First Bank (the “Bank”), announced today that Matt Paciocco was named Senior Vice President and Regional Executive for Richmond, Virginia....
Apr 26, 2022 07:00 am ET
First National Corporation Reports First Quarter 2022 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.7 million, or $0.60 per basic and diluted share, for the first...
Feb 10, 2022 04:00 pm ET
First National Corporation Announces 17% Increase in Cash Dividend
The Board of Directors of First National Corporation (Nasdaq: FXNC) declared a quarterly cash dividend of $0.14 per share on February 9, 2022. This was a 17% increase compared to the quarterly dividend paid on December 10, 2021. The dividend is...
Jan 31, 2022 07:00 am ET
First National Corporation Reports Fourth Quarter 2021 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $2.2 million, or $0.35 per diluted share, for the fourth quarter of...
Oct 29, 2021 07:00 am ET
First National Corporation Reports Third Quarter 2021 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $2.4 million, or $0.38 per diluted share for the third quarter of...
Sep 30, 2021 04:08 pm ET
First Bank Names Matt Paciocco as Regional Market Executive for Richmond Market
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), announced today that Matt Paciocco has been named First Bank’s Regional Market Executive for the Richmond area. The...
Jul 29, 2021 07:00 am ET
 First National Corporation Reports Second Quarter 2021 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.3 million, or $0.69 per diluted share, for the second quarter of...
Jul 01, 2021 09:00 am ET
First National Corporation Completes Acquisition of The Bank of Fincastle
First National Corporation (NASDAQ: FXNC) (the “Company” or “First National”), the one-bank holding company of First Bank, announced today that it has completed the acquisition of The Bank of Fincastle (“Fincastle”) effective July 1, 2021 (the...
Jun 22, 2021 11:00 am ET
First National Corporation and The Bank of Fincastle Receive Shareholder Approvals for Merger
At separate shareholder meetings held on June 16, 2021, First National (NASDAQ: FXNC) (the “Company” or “First National”), the parent holding company of First Bank, and The Bank of Fincastle (OTC: BFTL) (“Fincastle”), received the required approval...
Apr 30, 2021 07:00 am ET
First National Corporation Reports First Quarter 2021 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $2.4 million, or $0.50 per diluted share, for the first quarter of...
Apr 25, 2021 02:00 am ET
Lifshitz Law Firm, P.C. Announces Investigation of CNBKA, STAY, FXNC and FI
Century Bancorp, Inc. (NASDAQ: CNBKA) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of CNBKA to EBC for $115.28 per share. If you are a investor, and would like additional...
Feb 24, 2021 09:04 pm ET
THE BANK OF FINCASTLE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of The Bank of Fincastle - BFTL
NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of The Bank of Fincastle (OTCPK: BFTL) to First National Corporation (NASDAQ: FXNC).  Under the terms of the proposed transaction, shareholders of Fincastle will receive only either $3.30 in cash or 0.1649 shares of First National common stock, or a combination of 80% First National stock and 20% cash, for each share of Fincastle that they own. KSF is seeking to determine whether this consideratio
Feb 22, 2021 09:56 am ET
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of The Bank of Fincastle Merger
Rigrodsky Law, P.A. announces that it is investigating The Bank of Fincastle (“Fincastle”) (OTC: BFTL) regarding possible breaches of fiduciary duties and other violations of law related to Fincastle’s agreement to be acquired by First National...
Feb 19, 2021 02:34 pm ET
SHAREHOLDER ALERT: WeissLaw LLP Investigates Bank of Fincastle
NEW YORK, Feb. 19, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Bank of Fincastle ("BFTL" or the "Company") (OTCM: BFTL) in connection with the proposed acquisition of the Company by First National Corporation ("First National") (NASDAQ: FXNC).  Under the terms of the merger agreement, BFTL shareholders may elect to receive either $3.30 in cash or 0.1649 shares of First National common stock, or a combination of stock and cash, subject to election and proration such that the aggregate considera
Feb 18, 2021 04:17 pm ET
First National Corporation to Acquire The Bank of Fincastle
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank ( “First Bank”) and The Bank of Fincastle (“Fincastle”) (OTCPK: BFTL) jointly announced today the signing of a definitive merger...
Feb 11, 2021 03:09 pm ET
First National Corporation Announces 9% Increase in Cash Dividend
The Board of Directors of First National Corporation (Nasdaq: FXNC) declared a quarterly cash dividend of $0.12 per share on February 10, 2021. This was a 9% increase compared to the quarterly dividend paid on December 29, 2020. The dividend is...
Feb 09, 2021 09:00 am ET
Banking On Diversity-Minority Business Fund Launched By Four Community Banks in Virginia and West Virginia
(NASDAQ:FXNC) – First Bank announced today the launch of the Banking on Diversity initiative, a minority business funding program to improve and develop local communities. The Banking on Diversity program was created through a partnership of four...
Jan 29, 2021 07:00 am ET
First National Corporation Reports Fourth Quarter 2020 Financial Results
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $3.2 million, or $0.65 per diluted share, for the fourth quarter of...
Nov 02, 2020 04:18 pm ET
UPDATE -- Federal Home Loan Bank of Atlanta Announces Results of 2020 Director Election and Increase in Board Diversity
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2020 director election. The Bank conducted an election to fill the member directorships for North Carolina and Virginia, an independent directorship, and a...
Nov 02, 2020 01:51 pm ET
Federal Home Loan Bank of Atlanta Announces Results of 2020 Director Election and Increase in Board Diversity
Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the results of the 2020 director election. The Bank conducted an election to fill the member directorships for North Carolina and Virginia, an independent directorship, and a...
Oct 29, 2020 07:30 am ET
First National Corporation Reports Third Quarter 2020 Net Income
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $1.8 million, or $0.36 per diluted share, for the third quarter of...
Oct 14, 2020 10:17 am ET
First Bank CEO Scott Harvard Re-Elected to FHLBank Atlanta Board
First Bank announced today that CEO Scott C. Harvard has been re-elected to the board of directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) for a second consecutive four-year term, beginning January 1, 2021. Harvard previously...
Jul 29, 2020 07:00 am ET
First National Corporation Reports Second Quarter 2020 Net Income
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC), the bank holding company of First Bank (the “Bank”), reported unaudited consolidated net income of $2.2 million, or $0.46 per diluted share, for the second quarter of...
Apr 29, 2020 07:30 am ET
First National Corporation Reports First Quarter 2020 Net Income
First National Corporation (the “Company” or “First National”) (NASDAQ: FXNC) reported unaudited consolidated net income of $1.7 million, or $0.34 per diluted share, for the first quarter of 2020, which resulted in a return on average assets of...
Feb 14, 2020 11:00 am ET
First National Corporation Announces 22% Increase in Cash Dividend
The Board of Directors of First National Corporation (Nasdaq: FXNC) declared a quarterly cash dividend of $0.11 per share on February 12, 2020.  This was a 22% increase compared to the quarterly dividend paid on December 13, 2019.  The dividend is...
Jan 28, 2020 07:30 am ET
First National Corporation Reports 17% Increase in Fourth Quarter 2019 Net Income
First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.7 million, or $0.55 per diluted share, for the fourth quarter of 2019, which resulted in a return on average assets of 1.36% and a return on...
Dec 02, 2019 08:00 am ET
First National Corporation Announces $5 Million Stock Repurchase Plan
First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC), the parent company for First Bank, today announced that its board of directors has authorized a stock repurchase plan pursuant to which First National may repurchase up...
Oct 23, 2019 07:30 am ET
First National Corporation Announces Third Quarter Earnings
First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.5 million, or $0.50 per diluted share, for the third quarter of 2019, which resulted in a return on average assets of 1.27% and a return on...
Jul 23, 2019 07:00 am ET
First National Corporation Announces Second Quarter Earnings
First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.1 million, or $0.42 per diluted share, for the second quarter of 2019, compared to $2.5 million or $0.49 per diluted share for the second quarter...
May 10, 2019 01:39 pm ET
Students Complete Year on First Bank’s Student Advisory Council
First Bank (“the Bank”), the wholly owned banking subsidiary of First National Corporation (the “Company”) (NASDAQ:FXNC), reported seven Shenandoah University students served on its Student Advisory Council (the “Council”) for the 2018-2019 school...
Apr 23, 2019 07:00 am ET
First National Corporation Announces First Quarter Earnings
First National Corporation (the “Company” or “First National”) (NASDAQ:FXNC) reported net income of $2.3 million, or $0.46 per diluted share, for the first quarter of 2019, compared to $2.7 million or $0.54 per diluted share for the first quarter...
Apr 16, 2019 04:00 pm ET
First National Corporation Announces Nasdaq Stock Exchange Listing
First National Corporation (the “Company”), the bank holding company of First Bank (the “Bank”), today announced that shares of its common stock will begin trading on the Nasdaq Capital Market stock exchange effective with the opening of trading on...
Feb 15, 2019 02:33 pm ET
First National Corporation Announces 80% Increase in Cash Dividend
The Board of Directors of First National Corporation (OTC: FXNC) declared a quarterly cash dividend of $0.09 per share on February 13, 2019.  This was an 80% increase compared to the quarterly dividend paid on December 14, 2018.  The dividend is...
Jan 23, 2019 09:22 pm ET
First National Corporation Announces Fourth Quarter and Full Year Results
First National Corporation (the “Company” or “First National”) (OTC: FXNC) reported net income of $2.3 million, or $0.47 per diluted share, for the fourth quarter of 2018.  This was a $1.0 million, or 76%, increase when compared to net income for...
Nov 27, 2018 07:30 am ET
Robert G. Watts, Jr. Joins First Bank in Richmond
First National Corporation (the “Company” or “First National”) (OTC: FXNC) is pleased to announce that Robert G. Watts, Jr. has joined its wholly-owned banking subsidiary, First Bank (the “Bank”), as Senior Vice President for the Richmond, Virginia...
Oct 24, 2018 07:30 am ET
First National Corporation Announces 46% Increase in Third Quarter Net Income
First National Corporation (the “Company” or “First National”) (OTC: FXNC) today reported net income of $2.7 million and earnings per share of $0.54 for the third quarter ended September 30, 2018. This was an $844 thousand, or 46%, increase when...
Jul 24, 2018 07:00 am ET
First National Corporation Announces 40% Increase in Second Quarter Net Income
First National Corporation (the “Company” or “First National”) (OTC:FXNC) today reported net income of $2.5 million and earnings per share of $0.49 for the second quarter ended June 30, 2018. This was a $695 thousand, or 40%, increase when compared...
Apr 18, 2018 04:30 pm ET
First National Corporation Announces Increase in First Quarter Net Income
STRASBURG, Va., April 18, 2018 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (OTC:FXNC) today reported net income of $2.7 million and earnings per share of $0.54 for the first quarter ended March 31, 2018....
Feb 20, 2018 10:00 am ET
First National Corporation Announces 43% Increase in Cash Dividend
STRASBURG, Va., Feb. 20, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (OTC:FXNC) declared a quarterly cash dividend of $0.05 per share on February 14, 2018.  This was a 43% increase compared to the...
Jan 30, 2018 07:30 am ET
First National Corporation Announces Fourth Quarter and Full Year Results
STRASBURG, Va., Jan. 30, 2018 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (OTC:FXNC) reported net income of $1.3 million, or $0.27 per diluted share, for the fourth quarter of 2017, and net income of...
Jan 25, 2017 05:49 pm ET
First National Corporation Announces Fourth Quarter and Full Year Results
STRASBURG, Va., Jan. 25, 2017 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (OTC:FXNC) today reported net income available to common shareholders of $1.7 million and earnings per share of $0.34 for the fourth quarter ended December 31, 2016.  This was an $862 thousand increase when compared to earnings for the fourth quarter of 2015, which totaled $813 thousand or $0.17 per share.  The increase in net income available to common shareholders resulted primarily from an $867 thousand decrease in noninterest expenses, a $315 thousand increase in net interes...
Jan 11, 2017 04:30 pm ET
Boyce Brannock Joins Boards of First National Corporation and First Bank
First National Corporation STRASBURG, Va., Jan. 11, 2017 (GLOBE NEWSWIRE) -- First National Corporation (the “Company”) (OTC:FXNC), announced today the appointment of Boyce Brannock to the Board of Directors of the Company and its wholly-owned banking subsidiary, First Bank (the “Bank”)....
Oct 25, 2016 08:00 am ET
First National Corporation Announces 18% Increase in Earnings
STRASBURG, Va., Oct. 25, 2016 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (OTC:FXNC) today reported earnings of $1.7 million and earnings per share of $0.34 for the third quarter ended September 30, 2016, an 18% increase compared to $1.4 million or $0.29 per share for the second quarter of 2016.  Earnings for the third quarter of 2015 were $398 thousand or $0.08 per share....
Jul 26, 2016 08:00 am ET
First National Corporation Announces 30% Increase in Earnings
STRASBURG, Va., July 26, 2016 (GLOBE NEWSWIRE) -- First National Corporation (the “Company” or “First National”) (OTC:FXNC) today reported earnings of $1.4 million and earnings per share of $0.29 for the second quarter ended June 30, 2016, a 30% increase compared to $1.1 million or $0.22 per share for the first quarter of 2016.  Earnings for the second quarter of 2015 were $116 thousand or $0.02 per share. ...

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